Media scion Lachlan Murdoch reportedly paid $150 million for an estate in Los Angeles’ Bel Air neighborhood, making it the most expensive home ever sold in the city.

According to The Wall Street Journal, Murdoch — the eldest son of media tycoon Rupert Murdoch — is the buyer of the 10-acre estate being sold by the estate of the late A. Jerrold Perenchio. Perenchio, who died in 2017, was the chairman and CEO of Univision.

The estate, known as Chartwell, has a storied history. Its exterior was used in the credits of “The Beverly Hillbillies” TV series. It was built in the 1930s and later owned by Chicago hotelier Arnold Kirkeby. Perenchio bought it in 1986 for $14 million and over time, added three adjacent parcels of land. In 2016, he acquired the neighboring former home of Ronald and Nancy Reagan, which is also included in the Murdoch sale.

The front gardens give you a peak of whats behind the newly sold, $150 million, hidden behind the hedges, estate, Chartwell, in Beverly Hills. Photograph by Jim Bartsch, courtesy of the Estate of Jerry Perenchio

The estate had originally been listed for $350 million, but got a price cut to $195 million in August .

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